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20121214
20121214
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Search Results 0 to 49 of about 55 (some duplicates have been removed)
PBS
Dec 13, 2012 6:30pm PST
. >> europe says one watchdog is enough to keep its biggest banks from ever collapsing and threatening the euro again. >> the european union leaders held an agreement that would tend banking supervision away from national governments and park -- would take banking supervision away from national governments. >> if the bank -- does need a bailout, all of europe will help foot the bill. >> the deal came after a prolonged deadlock over the details of the proposal. the german chancellor was full of praise for the outcome. but it's a good sign that the finance ministers agreed on a banking supervisor. it is a big step towards greater confidence and trust in the eurozone. >> countries like france and italy have pat -- have pushed for a speedy resolution. banking supervision paves the way for a direct supervision -- direct injection into ailing banks. >> it is no longer the sole responsibility of the member states. rather, all of europe will step in. >> but president hollande did not get everything on his wish list. germany insisted that smaller banks, which make up a large part of its banking
CNBC
Dec 14, 2012 9:00am EST
. europe has also been a blend of red and green as the ft names ecb chief the person of the year. we're going to kick off with breaking news. for that would, we go to david faber. >> news on best buy, in the news yesterday. the stock up sharply. what we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. giving schultz the opportunity to look at not just christmas sales, but the end of their fiscal year, which will end at best buy on the 31st of january. and that window, again, will be 28 days long giving him an opportunity to continue to try to cobble together a bid with private equity firms and those who might finance a potential bid for the company at whatever price that might come at, if it were in fact to come at all. no word in te
CNBC
Dec 14, 2012 4:00pm EST
without $1 trillion in stimulus. in europe the stimulus stopped working in 2012. in 2013 the stimulus is just not going to make an impact. these more wealthy people that will be spending will be hit by more taxes and they will slow down and i think that you're going to see the economy be much worse in 2013, but, you know, we may get more stimulus first in china and europe so i think it's going to be see-saw first half of 2013 and then i think the markets will head down seriously in the second half of 2013. >> but, again, to his point, the wealthy includes savers, both corporate and individuals, grandma and grand past the fed is killing them. >> killing them. >> so if we don't reball the equation, i don't think we'll make any progress. >> very, very important insights. gentlemen, appreciate it. >> happy new year. >> let's hope it's a happy one, guys. thank you. >>> meanwhile, dallas federal reserve president richard fisher saying congress should borrow a book from its playbook to strike a deal on the fiscal cliff. >> we get things done. we make a decision, and we proceed. >> we'll disc
CNBC
Dec 14, 2012 4:00am EST
data showing the private sector has expanded for the first time since april and signaling europe could avoid a recession in q4. >>> and japan's business sentiment sours in the fourth quarter. this reading comes two days before a nationwide vote that suggests it will hand the ldp position a landslide win. >>> we're going to give you all the latest results from the flash december data for the pmi for the eurozone that we're just getting out. the overall, the deposit is a touch stronger for the month of december. the details show the manufacturing weakened slightly and its services strengthened slightly. they are overall still in negative territory. and we're seeing the euro/dollar respond a little bit to the downside. down about 0.01% trying to fight back into flat on the day. 130.75 is the level there. again, the services pmi is at 47.8. compared with the 47 that was expected. it's a five-month high. the manufacturing pmi, 46.1. the manufacturing all told, 46.3. that's a bit under the poll of 46.6. with more on the reaction to these figures, we have rob doddson with us. rob, welcome. it
CNBC
Dec 13, 2012 11:00pm EST
's talk about europe. you mentioned emerging markets, but have you a big exposure to europe. stock markets going up, but no economic activity to speak of. is that where the economic activity not picking up yet for you guys either? >> yeah, when you look at last season, the last lawn and garden season, it was down somewhere in the neighborhood of about 15% of the the market overall, and that was really reflective, obviously of decreased consumer spending and people feeling a lot of the impacts of macroeconomic conditions in europe. as we look forward, into europe, into this next season, we're calling it flat, simply because there are is so much uncertainty going on over there with how they solve their economic problems. at the same time, geographic diversification is really important for us, especially in the emerging markets. last week, friday, we closed on a deal down in brazil, one of the key markets we look at from an emerging market standpoint, a company by the name of bronco, which does a lot of high-end equipment, commercial type equipment for the brazilian market and we think that w
Current
Dec 13, 2012 5:00pm PST
the difference between the u.s. and europe has produced almost no innovation. we produce almost all of it. we pulled their growth rate up because of the success in the united states. >> eliot: jeff, i'll get to you in ten seconds. if taxes were 100%, people would theoretically sit at home. when we're talking about a rise from 35% to 39% -- >> they sit at home in europe. >> eliot:, here we have a database to say what has happened when we move them marginally from 35% to 39.6%. they were created when the rates were at 39.6%. i don't see the causation. >> i think your viewers have to be very aware of the nature of these academic studies. there have been leading economists who have looked at this inside and out. the congressional research service, i believe was asked by the republicans to take that down. they cannot find a correlation between higher tax rates and slower economic growth. just let me finish, okay? clinton raised the tax -- people like feldstein and barro to do the arithmetic will undermine economic growth, be pr
PBS
Dec 13, 2012 4:30pm PST
europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively attractive. >> let's talk about that, actually. because did you ask the people that you survey what are the best asset csse and stks got-- was at the top of the list. let's look at the list here, followed by precious metals, commodities, bonds and cash at the bottom of the list. tell us a little bit pore about those rankings from investment managers? >> sure. and these are charter financial analysts that we survey, our members. they spend their time in the markets investing. and compared to last year, there is more pessimism about the prospect it's for bonds, for fixed income given the very low nominal level of yields. and also for cash where basically you cat get any return. equies we the clear favorite with over 50% of our respondents saying that they would be the best asset class. >> there is still some pessimism about europe, primarily coming from respondents, our members there. but there's more open coming from-- optimistic from charter financial analysts who are
SFGTV2
Dec 14, 2012 1:30pm PST
anyone else. central europe last year, budapest, the czech republic had gone from a leading country in central europe, leading the region in laws and in the constitution of equality 16 years ago to a complete reversal today. it's got one of the worst records today of the deprivation of rights of women, roma people, jews, and lgbt people. sound familiar, that grouping? i was not prepared for what i was going to find in budapest. i was not prepared for the thousands ofneo nazis and state sanctioned militia that would meet a couple hundred marchers, thousands of them. * there was one young man, 21 years old, young hungarian, who would be the only person to go on tv with me, only hungarian, malan would take a blow horn and walk through the streets against families that hated us, and he walked and he shouted and he kept the morale up as we were walking against this sea of people who didn't like us because we were representing the inclusion and diversity that we so much cherish here. he was inspired by the story of my uncle and he said to me, do you think this is how harvey felt? and i sa
FOX Business
Dec 14, 2012 4:00pm EST
to happen in europe about the future whether their taxes are going to go aboard not. the problem is if you are holding on to your cash because darrell issa fear you are losing money. is that -- can you get that message out? is there a way to address the people who are so fearful, who don't want to risk a lot of their money but to recognize it just to leave it stand is not helping them at all. >> i appreciate your question. this gets to the heart of the question. people getting so focus on the fiscal cliff that they are missing the big picture. the big picture we are delivered in one way or the other when you think of things in three frameworks the the supergood growth middle and growth dealing with fiscal the leveraging in a small amount and the downside of the fiscal cliff. the first category is not something we can really obtain. the other two are the more likely categories and they are the way to invest in those areas and the portfolio of getting returned in those areas -- [talking over each other] liz: they fan your portfolio. >> they need to give away the more distant up side. don't b
CNBC
Dec 13, 2012 7:00pm EST
kinds of europe stuff. all anybody wants is fiscal cliff resolution. >> did the fed spook anybody yesterday? >> no, i don't think so. i really think what sold off yesterday is people were just concerned about the fiscal cliff again. the fed didn't really do anything. they put kindleing on the fire, if we get a fiscal cliff, there's an awful lot of money out there to get this market going. >> it just strikes me that a central bank now $85 billion new dollars per month into the financial system and buying treasuries to hold rates down, they're not going to let rates go up any. i just intuit that. >> no. there was some talk that perhaps what they signaled was higher rates sooner than 2015 and i think that's absolutely wrong. there's no way. this was an easing policy. they're putting more money into the system. they're not going to let rates go up any sooner than they need to. after most recession, they don't really raise rates until 18 months after. so i think 2017 is probably your number. >> 2017. all right. let me just ask you about some other stuff. japan rising. europe stocks doi
MSNBC
Dec 13, 2012 7:00pm PST
that as a problem states are operating as individual countries. when you go to europe, you know, the size is around the same but you see each state size is a country in europe. we are operating like a country. each state if colorado wants marijuana then they goat et it. if florida wants to have guns. was i was growing up i noticed that the federal government stepped in more. the lawmakers were accountable. if you went too mar in yofar in state the federal government slapped you back a little bit. when president obama came into arizona he got a stern talking to. and he's a chief of the country and he has a finger in his face. we have to have the respect for our leaders. the best that we can do is get t the stand your ground laurie peeled. that is why we want to repeal that. >> lucia and ron and your lawyer, john phillips. thank you for coming here and telling the story. i'm very, very sorry that you are sitting here tonight telling the story that you have to tell. thank you. we'll be back. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop
FOX Business
Dec 14, 2012 1:00pm EST
things worse. europe is doing it, southern europe. it keeps raising. the economy contracts even more. about to go in recession. japan raising taxes. why in the world we would apply that poison to ourselves. lori: that is the ultimatum from the white house, as you know. because of the president's reelection they have the leverage. so are the republicans going to have any choice but to cave especially on the issue of raising taxes for higher-income americans? >> well, there are small business owners. 63 percent, and people who create capitol, invest capital. we have seen in europe and france especially, that kind of thing does not work. he does not have a mandate to hurt the economy which is the way the republicans should phrase this thing. why harm the economy now. lori: edges of the economy fall off the cliff to iraq or raising the tax on the wealthy. >> with the republicans should do, making the point they're raising taxes is a bad thing to do, let's postpone this bank. better to do that than to give poison to the patient now. our economy is starting to slow again. give people pause
CSPAN
Dec 14, 2012 12:00pm EST
of consultation in the international regulators, canada, australia, japan, europe etc. and we continue to work the issue. i would say with banks registering the largest banks registered in the term, we are going to have more issues to sort through and we are committed to soaring through -- >> you are not talking of those that registered when you are making that statement. just the firms that register. >> but i have some expressions from some of the foreign regulators that they feel like some of the guidance may be in conflict with their loan regulator, their own that regulation and i guess that is what i am saying. if they are in conflict how are you dealing with those conflicts? >> the one example was in japan they have a clearing requirement. they actually put in place november 1st and we now have a requirement that we finished in november. there is a conflict because we both say they have to be cleared and registered clearinghouses. yet they have yet to register the london clearing house and we have yet to register the japanese clearing house. we are relieved they can use the japanese clear
CNBC
Dec 14, 2012 3:00pm EST
done very good so far. >> that's interesting, because europe has taken a back seat to many soft other issues. you still worried about europe? should that be part of our investment idea portfolio? >> as david said, that's improved dramatically, too, and it's really taken a back seat, so i would say, as david said, that some type of deal is priced into the market. >> let's do it this way. your single best idea to invest in, and then i'll get yours. >> financials, not necessarily the big banks but bank of new york melon. >> why? >> a processing bank, because it's the cheapest sector. a lot of momentum going for it right now. >> even the low rate that hurt their bottom line because it's tough to lend and borrow at such low rates. >> keep in mind, bank of new york melon, they are a processing bank so lending is not that big a deal to them. >> profit, production and personal income are the three things to watch, the three ps. >> what's your single best? >> our single best idea is apple computers. >> still? >> yes, and johnson & johnson? >> they are barbell. >> down 9 out of the last 11 week
KCSMMHZ
Dec 14, 2012 6:00am PST
to be accompanying here throughout your weekend. now into europe, we have a low pressure area pushing in across the british aisles into the iberian peninsula. as that continues to track to the east, gusty winds are coming out of this one. all these lines are close together. that is indicating sustained winds possibly. gusting winds up to 110 kilometers per hour at this time. massive storm system already causing traffic delays into the airports around berlin over towards paris as well. it does look like that is going to persist as this continues to track off there towards the east. all those winds, once again, just like over there in the united states, that's pulling in warm air from the south. you're seeing a rising temperatures. london and paris, 11 degrees on your saturday. not so much the case here into the east though. minus 12 here for your high and n. moscow. now here's a look at your extended forecast. >>> we'll be back in 30 minutes with more news. i'm gene otani in tokyo. -- captions by vitac -- www.vitac.com
KCSMMHZ
Dec 14, 2012 2:30pm PST
sales. figures show auto sales in europe shrunk by over 10% in november. >> that was the 14th month in a row that purchases declined according to the european automobile manufacturers association. buyers in italy, spain, and france proved especially wary. only britain bucked the trend with a rise in new car sales. a decade it has been since the inclusion of the german media empire. the state appellate court in munich today ruled that deutsche bank must pay damages to the heirs of the deceased mogul. >> the court ruled that the former ceo of deutsche bank, seen here, was responsible for the collapse of the world's largest licenser of film rights. in an interview, this credit worthiness was question, driving the conglomerate into bankruptcy. damages are expected to range anywhere from 120 million euros to 1.25 billion euros. it was also a big topic at the frankfurt stock exchange today. our market correspondent gave us this report from the trading floor. >> for the deutsche bank, this verdict is more than just a verdict because it weighs heavily on the image of germany's biggest bank.
PBS
Dec 13, 2012 7:00pm PST
for greece and a big success for europe. instors are still uncertain about the global economic outlook despite the measures taken to stabilize the euro zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central banks of canada, britain and switzerland. the leaders agreed to extend the foreign currency liqdity swap by one year. the arrangement was set to expire next february. the bank of japan whether to join the plan at the policy meeting next week. it was introduced last november when commercial banks had trouble getting money from the markets due to the european credit concerns. the bank leaders say their decision shows they're taking all possible measures to ease global financial strains. >>> more business headlines for you next hour. here's a check on markets. >>> north korea's state-run media say the country's media oversaw the highly publi
ABC
Dec 13, 2012 11:35pm PST
? >> separately. keith lives in the united states and i live in europe. >> one of the great clips i came across was you guys noodling together. >> yeah. >> how much of that is the secret sauce of the stones, where you two need to be together to do that? >> i think we've gone past that, really. >> we're made to do this. it's when we're not working there's a problem. or could be. but otherwise, mick and i have been working together the last few months. it's been a revelation really. >> really? >> yeah. how you can all get along once you're in the groove and stuff and how much we actually do fit together. it's very interesting. >> there was a time earlier this year, i thought -- i don't think it will happen again. i didn't mind. >> there was a time when it was in the balance when people were saying oh, it's not going to happen. it looked like it, but i never believed it. >> and as they had struggled for harmony, some in the band have also tackled addiction over the years, most notably keith's hard-won battles with heroin. >> i don't do anything no more. i've done it all. once you've done it all, w
SFGTV2
Dec 14, 2012 3:30am PST
and security interests in the asia pacific region. not in europe as has been for 100 years prior to that, than the asia pacific region. secondly, that we would maintain freedom of access throughout that region. in particular, we would maintain the sea lanes in that area, whatever the challenge might be. even as we reduce our defense budget, therefore we must maintain and would maintain a powerful navy, and that that navy would be charged with maintaining the freedom of those sea lanes. we had, of course, to be concerned as to whether there would be a challenge for that. we observed that the rise and shine has more energy needs for more energy than they can produce themselves, and to maintain the economic growth which they believe is essential. we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a
SFGTV2
Dec 14, 2012 12:00pm PST
a family of eastern european immigrants. they were mostly born in europe, all of my grandparents were born there. when my grandparents came here, they were older people. english was not something they were very interested in. my grandparents spoke russian, romanian, yiddish, and german. a sixth language? no way. they learned english, but they were never comfortable with it and they forgot it as soon as they could. my parents didn't speak english either, but they were going to live their lives in this country so they've learned it. they always spoken with a heavy accent and was something that was always a struggle for them. as they got older, they didn't want to do it anymore. my father spoke his last words in yiddish. we are born here, my native english speakers. i think you can mostly understand me. what i think about technology, i see a parallel and my family because i think about my parents, my parents have really become my grandparents' generation. if technology is something they did not want to learn. boy, would she like to forget it. she hates technology. we have really become a skil
CNBC
Dec 14, 2012 6:00am EST
that he is in the running tells you quite a lot about the importance of europe this year. earlier today, we were talking about the fact that they had picked trichet on in the past. he doesn't necessarily regret it. he said oppose dollars to some of the other types of running, they look for someone who is having a positive impact. they did consider angela merkel. that's the answers with regard to the person of the year. let me give you a quick sense of what else has been happening in europe overnight. the big moves, we're coming out of asia. 4.3% of the shanghai composite. it just had its best day in three years. this follows some pmi data that supported the idea of domestic spending. of course, it's been this coiled spring market over the last couple of weeks. after we saw the shanghai fall below the 2,000 level, it's in several big days. the news agency tweeted a picture of chinese stockbrokers grinning this morning to give you a sense of the mood. compare that to the nikkei which was down this morning going into the election these weekend likely to put shinzo abe back in power. he's s
CSPAN
Dec 14, 2012 6:00am EST
or steroids is questionable. they have been looked at but from eastern europe you can't get those, they are readily available. >> without a doctor's prescription. >> without a doctor's prescription. >> mr. gimbel. >> the other issue is many athletes, pro, college, are going to health food store its and buying tons of muscles supplements which are not regulated. the fda does not regulate that industry, the survey that has been done randomly over the years, many of these products have had a g h and anabolic steroids in them. the fact is products are working and they are working so well, many professionals think something is not right. it needs to be regulated so we have a whole industry from energy drinks up to what you buy in these wars or on the internet that is not regulated and it is a real russian roulette when it comes to what these kids are buying which are probably getting more from the internet and these stores than they are from their doctors. >> you can't get h g h from 8 till. you can get anabolic steroids and there was a study of u.s. supplements in 2003 that 18.6% of s
CNBC
Dec 14, 2012 12:00pm EST
should be a lot higher today. we had great pmis from around the world. europe is the best in nine months. >> shanghais. >> yeah. u.s. manufacturing data the best since april. >> we should really be higher and we're not. the reason for that is that you've got apple down, all of the component plays that go alongside that like qualcomm and sky works and arm holdings so that is really what is holding it back today and i think we now have to pay attention to the fundamental slowing as well. >> you know, going on what pete said a little bit here, i think one of the things we're seeing, also, besides the tech selling and i agree on that is there is also still a little bit of hangover. there was a big disappointment apple did not pay a special difficult denld. they spent over a hundred billion dollars in cash. i think people really expected they would do something with it in terms of the tax selling this year. beyond that i think the thing to look at for today's trading is the 505 level, a big level in terms of what the technical traders are looking at. we saw it down to about 507 so far today.
FOX Business
Dec 13, 2012 9:00pm EST
, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in the radius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a balance between modern education, not western. but heritage between the air of/muslim to instill so they grow up with a balanced mind and personality. john: 80% of muslim do not want evolution taught. >> they reject it and some say if you teach it as a series quote-unquote as a western scientists explain it it is okay. 80% rejected 50 percent don't teach it the other 50% teach it but it is not true as but necessary, evolution is taught in many parts of the world. all schools in egypt. even the teachers tell the students we teach you this but we don't believe it. it is a problem to explain people it does not have to be atheist
FOX Business
Dec 14, 2012 12:00am EST
the greek empire, muslim did the same. is economical, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in theadius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a balance between modern education, not western. but heritage between the air of/muslim to instill so they grow up with a balanced mind and personality. john: 80% of muslim do not want evolution taught. >> they reject it and some say if you teachit as a series quote-unquote as a western scientists explain it it is okay. 80% rejected 50 percent don't teach it the other 50% teach it but it is not true as but necessary, evolution is taught in many parts of the world. all schools in egypt. even the teachers tell the students we teach you this but we don't believe it. it is a proble
KRON
Dec 13, 2012 8:00pm PST
in february. but psychologically, with a europe, not getting a deal done is setting people into a panic. the to not want to see that. i think that it could see people concerned. that however, is unfortunate why they are not making that much of a concern. >> and plaine john boehner also being difficult. >> it also feel free to follow michael yaki on twitter. ji >>jacqueline: we did see some calle temperature but firs, some coal /+ temperature t we did se. some cold temperatures we will see some temperatures that are in the low 80s. and that wi you50s. as we see that it is going to be and the low 50s-- >>jacqueline: as we see we are going to see a few degrees warmer. mostly clear. some cloud coverage going towards a north and at that point we are going to see some 30's and 40's. i would keep the umbrella cand i would keep the un prelo hand your umbrella keep it handy. temperatures will be in the 30's in the south bay. the same in san mateo, the inland valleys with 35, concord, livermore, a 47 degrees in vallejo. the big question mark is the north bay. 37 degrees in vallejo. i think that i
CSPAN
Dec 14, 2012 5:00pm EST
is the region that we used to call eastern europe has become very differentiated. it's no longer -- these countries no longer have much in common with one another other than the common memory of communism occupation. >> more with pulitzer prize winner on life in sowfout east germany, poll land and from the historical narrative "iron curtain" sunday night at eight on c-span's "q&a." >> up next, four speeches with republican scott brown and north dakota democrat retiring after 20 years in the senate. last day that i serve in this great chamber, which is a month shy of three years serving i still say and believe aside from my marriage to my wife gail of 26 years and the birth of my two children ayla and arianna serving for the great people of massachusetts in the people's seat has been the greatest honor of my life. i want to thank the people of massachusetts for that opportunity to think that someone like me whose parents were married four times each, lived in 17 houses and subjected to forms of abuses growing up has the chance to serve in one of the great
CSPAN
Dec 14, 2012 6:00am EST
they react. one of the things that has happened since 1989 is the reason we used to call eastern europe has become very differentiated. these countries no longer have much in common with one another except for the common memory of communist occupation. >> more >anne applebaum from her historical narrative, "iron curtain," sunday night on "q &a " on that night at 8:00. >> at 10:00 eastern, efforts to increase homeownership programs hosted by the burping institution. in 30 minutes, the national taxpayer advocate discusses what the fiscal cliff needs for -- means for tax filing season. the doc fix will be explained that at 9:15, i look at how the u.s. population is expected to u.s. population is expected to change over the
CSPAN
Dec 14, 2012 9:00am EST
the world. the u.s. is a heavy user of credit products. europe is a distant second. it gives you a backdrop of the credit a availability. this gives you some backdrop that the markets in the united states have come back to an extent if you look at the es.ious asset class not as many people buying cars. the market is functioning. most of the student loans are going under the government's balance sheet. different loan obligations -- this data is a little bit old. $50 billion and that market is rapidly returning. this is the slide that everybody talks about, the dramatic change in how mortgage credit is made in the united states over the past six years. securitization of volumes have $300 billion in the past six years. private credit is a huge volume. $700 billion put through the private label security system. $22 billion is overstating it. of all the slides i have, this is the most telling about where the credit is coming from. it's coming to fannie and freddie and fha. 90% of loans are effectively being guaranteed by the government. it is not just a u.s. phenomenon. europe does not use a gov
ABC
Dec 13, 2012 4:00pm PST
for apple, four publishers have settled anti-trust investigations in europe and the european union over ebook price fixing. aple and the publishers will drop the pricing agreements, aimed to undercut amazon, to restore normal, competitive conditions to the ebook market. apple and mcmillan and penguin are facing a similar probe in the u.s. testing the new blackberry 10 phones. u.s. immigrations and customs will start to test the devices next year. it's interesting because they said they would buy iphones earlier. now they say they will use both devices. turning to trading, stocks lowers with the fiscal cliff impasse overshadowing retail agains in sales. apple and oracle leading the decline. today, san francisco start up uber seems to be a threat to new york city cab drivers, approving a one-year pilot program to allow people to hail cabs with their mobile phones, which is exactly what uber does for car services. the program will start in early february. in san francisco, i'm corey johnson with bloomberg west. back to you. >> all right. thank you. up next, it is a love motel for your pet.
FOX
Dec 14, 2012 5:00am PST
. >> thank you, steve. >>> weaker than expected click reports in europe is sending the region's markets down. overnight the shanghai scored more than 4%. a strong manufacturing report there boosted confidence in the world's second largest economy. that helped hong kong maybe a small gain. taiwan and south korea all ended their trading session overnight with losses. the futures indicate another mixed opening with dow gaining ground. but it did drop almost 75 points yesterday. we're going to talk about more about the fiscal cliff and how it's effecting the markets. the nasdaq starting just below the 3,000 mark today. and keep an eye on adobe systems when it opens. share prices jumped in premarket trading after the company reported better than expected results. adobe earned $220 million for the quarter that ended last month. that is up $49 million from last year. revenue is plat flat. 2013 will be a pivotal year for the transition to a subscription based service including the creative cloud. >>> time now 5:20. you ever think about what other people are searching for online? the most popular thi
CNBC
Dec 14, 2012 6:00pm EST
to do what the rest of europe will do over time, which is accept a lower standard of living forever everybody which is why the longer-term plan is so vital, not the short-term craziness. because everybody knows he we can't keep providing americans with the current level of services unless we raise taxes in a big way on erin and cut spending somehow. even the democrats are unwilling to consider that kind of tax cut. that's why long-term spending cuts are so important. they figure into the job creation of the next 25 to 30 years, and the ability of people to stay out of poverty longer term. in the meantime, you can't get the growth needed for government receipts to go higher even in the near term. put simply, if you got someone from honeywell or eaton or celgene in the rule, explain the impact. the imperative would be to get this fiscal cliff done before vacation. hey, listen, yes, no vacation without legislation. because the longer the delay the fewer reasons to start a business and the more reasons to shrink, lay off, build fewer houses, cars, or take your business offshore if you'r
Current
Dec 13, 2012 11:00pm PST
are very worried that if the united states or europe imposes restrictions saying we will not allow imports from your factories unless they have the same standards as the united states, they worry these factories don't have the money to invest in the safety improvements and that these factories will lose lots of american and european orders and the factories will close and the workers with lose their jobs. i think what we need is for more companies, more western companies, western retailers like walmart or sears or disney to work closely with the bangladeshi manufacturers to make sure they have the wherewithal, the money and the will to improve fire safety, to improve the electrical systems to help make sure that there aren't more fires like the ones we so recently in bangladesh and in pakistan. >> jennifer: you talk about the big players like walmart an extremely profitable company who has subcontracted, perhaps there is some willful blindness there. how much would it cost to upgrade the factories? is that something that reall
MSNBC
Dec 14, 2012 1:00pm PST
epidemic. >> i have to say, julian, i'm relieved you mentioned europe. if i had done that i would be told to go back to britain. i was born in a country and lived for over 30 years in a country where there are very strict laws and as a consequence firearms are not used to resolve domestic disputes, arguments between partners, and so on. whereas having lived here for the last almost nine years, i have become -- it's almost commonplace this kind of event. >> in the uk i think the deaths in the last year or so were 60 gun-related homicides in the entire year. in a country that has very, very strong gun control legislation. compare that to 30 a day, 200 a week, 11,000 a year. i mean, the data is just overwhelming in this case. >> and yet, joan, notwithstanding what julian has just said, in places like michigan the legislature has actually promoted bills which allow people to carry concealed weapons into church, onto school premises, into colleges. >> right. >> notwithstanding the evidence. >> notwithstanding the evidence, and they did that right after the clackamas shooting which also use ass
PBS
Dec 13, 2012 5:30pm PST
commissioner for economic and monetary affairs said the agreement was an important step forward for europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforce confidence in the european economy. >> sreenivasan: the banking superviser role must be approved by the european parliament, but the position could be up and running by march of next year. separately, finance ministers agreed to give greece its next bailout payment of $64 billion. in return, greece has agreed to reduce its debt load by buying back devalued bonds from private investors. the european court of human rights issued a landmark ruling today condemning the c.i.a.'s extraordinary renditions programs. it ruled that a german car salesman khaled el-masri was a victim of torture and abuse for four months at the hands of the c.i.a. el-masri said he was kidnapped from macedonia in 2003, interrogated and tortured at an afghan prison run by the c.i.a. and then dropped on an albanian mountain
FOX
Dec 14, 2012 6:00am PST
europe and asia is the fiscal cliff and what will happen in the u.s.. >>> we'll go ahead and smile and say good morning, to you. thank you for joining us here on ktvu channel 2 morning news. it's a friday, december 14th i'm dave clark. >> good morning, i'm pam cook. this morning the strong smell of smoke is still in the air over a fremont machine shop. it didn't take long for a fast moving fire to gut the decades old family owned business. ktvu lorraine blanco is at cnh enterprises. it's right near interstate 680 with the important meeting today between workers and the owners. lorraine. >> reporter: yeah pam that meeting will happen within hours here. there is a fire crew on scene right now. they are checking out a hot spot that just doesn't want to seem to go out. right now there is not a lot for employees to come back to. management will be meeting this morning another an alternate location to discuss what happens next. the three alarm fire started around 1:45 thursday afternoon. firefighters had to battle it defensively. the roof collapsed just minutes after they arrived here. a
KRON
Dec 14, 2012 4:00am PST
networks in europe in a deal worth about 1.7 million >> will be right back with more on traffic and 5:09 is the time right now and there may still be a little jews destined blackberry. >> immigration and customs and force and says that will test the new >>-10 smart phones after phasing out older black bears in favor of i foams. >> the announcement has inject some life investors toward to the stock which had lost about 75% of its value in the last two years on evidence that the make or break >> tin line is gaining traction with are ibm's bread-and-butter customers. >> the >> tale of the sunday were 30. >> amazon spending isn't video service and clout player at a more mobile devices. >> the instant video app is now available on the iphone and the ipad itouch, with options for streaming or downloading content for amazons video collection. >> amazon prime customers also have streaming across to offer 30,000 movies and tv shows on the instant video at pp. >> even though research is bemercedes-benz has been seen record sales and the u.s., there still expected to lose its lead to rival bmw.
CSPAN
Dec 14, 2012 9:00am EST
. so the criticism of the ctc has received from foreign countries has been overwhelming. europe and asia and australia and other countries have formally weighed in as well. if this keeps up, some suggest our president may have to go at the beginning of the uncle around the world doing one of his famous apology to words for what is going on here in the country. the criticism of received is by no means limited to foreign regulators. there's also been a lot of criticism levied by many domestic entities including some of your counterparts at the ftc. and even some of your own commissioners. even former clinton administration chairman of the council of economic advisers, senior fellow met at the liberal leaning somewhat liberal leaning brookings institution, martin baily has suggested a swing of the pendulum has gone back and is overly harsh. i also constantly about the ctc being a world-class regular. that's what we all one. i am told is the best entity to determine the rules of the road for the swaps market, which some might have doubts. for example, does a world-class regular rush
CSPAN
Dec 14, 2012 1:00am EST
that has happened since 1989 is the region we used to call europe has become very differentiated. they no longer have much in common with one another. >> more with anne applebaum sunday night at 8:00 p.m. on c- span's "q&a." next, grover norquist was on this morning's "washington journal." this is 40 minutes. host: someone who's been in the news and on the news lately is on your screen now, grover norquist, president of americans for tax reform. mr. norquist, make your case for no tax increases at this point in our economic situation. guest: two years ago president obama extended all of the tax cuts that lapsed in janurary. he did so because he said the economy was weak and raising taxes ordered. the economy is not any stronger now than it was. in addition to the tax increase, he wants to impose by letting some of the bush tax cuts laps, he has already got a trillion dollars in tax increases that starting in january to pay for obamacare. when you think about fiscal cliff, the bush tax cuts have collapsed, sequestration cuts spending, and then there's a trillion dollar tax increas
CSPAN
Dec 14, 2012 7:00am EST
happened since 1989 is the region that we used to call eastern europe has become very differentiated. these countries no longer have much in common with one another. >> more about life in soviet east germany from the end of world war ii through 1956 from her historical narrative, sunday night at 8:00 on c-span. >> "washington journal" continues. host: we want to welcome sarah kliff, a health care reporter with "the washington post." as we continue our series, we want to take a look at different aspects of what we can expect as we face the january 1 deadline. we want to talk about the said likely the doc fix. many people say you have to understand the doc fix. guest: it is something we have had since about a decade ago. back in 1997, congress set a formula for how to pay doc fares. it worked for about five years until the cost of health care started growing. what we have seen every year is congress passed a temporary pay patch to make up the difference. every year, we get to the end of the year and there is this in. gap. right now if we do not pass it, medicare salaries will go down b
FOX Business
Dec 14, 2012 11:00am EST
europe and america. this company has exposure to the global economy. what triggered it today was this china pmi number. i know gordon chang has been on. dagen: yes. we were there. charles: a lot of people do not believe the china story. this number to me tells really nice with other things. dagen: most people already own it in their 401(k). charles: you are absolutely right. the stock is down pretty big from where it was. this last quarter was a disaster. north america construction was up. almost everything should go up next year. i love the risk reward on this. connell: this will be a huge story whether china is about two, you know, come back or collapse. charles: a minimum of 8.5% next year. we would take it in a heartbeat. dagen: deceleration is dangerous even if you are still going at 8%. connell: thank you, charles. appreciate it. dagen: we are. on saturday morning. connell: umbrella. no changes to the tax structure. dagen: more on the impact of the fiscal cliff. women are worried about it. there will not be spending that much on it on you. they will probably be spending
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